is the CPI or the consumer price index always multiplied by 100?

Question

i am computing for cpi's but i couldn't figure out if i'll stick with the values i've got(e.g. 1.2, 2.33). does the real value of the cpi has to be multiplied to a 100?

Answer 1

The index is the number that a price(or any $ amount) in year x is multiplied by to convert it to the equivalent value in the base year. For example in 2004 dollars then the index would be 1 for 2004, less than 1 for years after 2004, and greater than 1 for years before 2004. The percentage year to year change is the inflation rate.